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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Gordon Brown Panics - NO UK Election in 2007 or 2008!

ElectionOracle / UK General Election Oct 06, 2007 - 02:56 PM GMT

By: Nadeem_Walayat

ElectionOracle

Gordon Brown rules out election in an astonishing surprise statement to BBC News:

Gordon Brown, speaking exclusively to the BBC's Andrew Marr said: "I'll not be calling an election. I have a vision for change in Britain and I want to show people how in government we're implementing it


"Over the summer months we've had to deal with crises, we've had to deal with foot-and-mouth, with terrorism, with floods, we had financial crises.

"Yes, we could have had an election on competence and I hope people would have understood we have acted competently, but what I want to do is show people the vision we have for the future of this country in housing, health and education.

"And I want the chance in the next phase of my premiership to develop and show people the policies that are going to make a huge difference and make a change in the whole country itself," he added.

The prime minister was asked by Andrew Marr whether there would be no election for a long time to come.

Mr Brown said: "I think it's very unlikely that this will happen in the next period.

"I think the important thing is that we get on with the business of change in this country because people do want change and I'm responding to that demand."

The statement clearly indicates that there will be no election during 2007 or 2008, and given the economic circumstances of expectations for sharply lower growth during 2008 and 2009, it is highly likely that Gordon Brown will now postpone an election until the full five year term is over. Which now suggests the next UK general election will be in April or May 2010.

This is highly damaging to Gordon Brown, now not only is the economy against him, but also his competency bubble has now well and truly been burst. This gives a major boost to David Cameron who now also has 2 and half years to prepare for the next election. The tories having seen how promises of tax cuts can change the political landscape so significantly, the expectations are now for many more tax cutting promises from the conservatives regardless of their ability to accurately cost the tax cuts.

As things look today, Gordon Brown appears to have well and truly blown his chances of getting re-elected at the next Election in 2010.

By Nadeem Walayat
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Nadeem Walayat is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 100 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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